Investigators in the US have ditched their pursuit of money laundering charges against one of the world’s largest gold traders and refiners, Kaloti Jewellery Group.

Earlier this year a British High Court found that one of the world’s ‘Big 4’ accounting firms and Kaloti’s accountants, EY, was liable for covering up evidence of money laundering at the Dubai-based conglomerate (Trade-based Financial Crime, 24 July 2020).

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